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AD ALTA

JOURNAL OF INTERDISCIPLINARY RESEARCH

4 Conclusion

The concept of cluster cooperation is a well-known topic in
Slovakia, but the involvement of small and medium-sized
enterprises and other regional entities is limited to this form of
cooperation. There are several reasons: lack of appropriate
legislation, lack of financial support, lack of information and
primary negative experiences that have led the business
community's mistrust towards clustering, leading stakeholders to
risk aversion.

In economic practice of each business entity the various risks
occur. For this research we used selected six risk categories of
six areas that can affect the activities of SMEs in cluster. The
perception of these risk categories by two group of entrepreneurs
evaluated in previous part showed, that there are not significant
differences in perception of stated risk categories. In this part of
paper, authors bring also the risk catalogue that could to
contribute to the possibility for SMEs’ risks prevention.

Table 8: The risk catalogue

Risk

Causality

Consequence
of the risk

Solution

Cyclical
economic
development

Losses due to
the crisis

Focusing on
crisis
management
activities

Lack of
interest and
loss of
customer
confidence

Financial loss
and loss of
competitiveness

Analysis of
the economic
branch’s
environment

Lack of cluster
legislation and
policy

Low interest in
clustering and
low awareness
of cluster
cooperation

Common
pressure to
promote
cluster
legislation

Inappropriately
implemented
cluster strategy

Financial loss
and loss of
competitiveness

Training in
the field of
investment

Insufficient
preparation of
innovative
projects

Financial loss
and loss of
competitiveness

Application of
the innovation
management
principles

Partners are
not reliable
and loyal

Loss of
customers and
reputation

Determination
of contractual
terms

Source: own proposal

The results of Pareto’s analysis showed that for both groups of
Slovak SMEs connected into cluster cooperation the most
important risk with which it is necessary to work are: R4.
Investment, R6. Partners, R5. Innovation, R1. Macroeconomic
problems in regions.

The results of this research present partial evaluation of risk
categories and propose possibility for their prevention through
the risk catalogue. The implication for following research is to
expand the level of analysis of this type of risks.

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